Two-Story Flex and Warehouse
109 S Wayne Avenue Lockland, OH 45215
For Sale
$995,000
COMMERCIAL - Lockland, OH
Property Size12,000 SF
Lot Size0.46 Acres
Price / SF$82.92
Days on Market204
Property Features for 109 S Wayne Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.46 Acres
Utilities
Heating system
Natural Gas
Building Details
Flooring type
Tile, Concrete
Building materials
Block, Metal Siding
Roof type
Metal
Listing Agency:
Huff Realty
(513) 474-3500
Listed By:
Deron Schell · License #231105
(513) 792-3004
Added: Jan 6
Changed: Jul 28
Last Checked: Jul 29 at 3:06AM
MLS# 1865260
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story flex and warehouse building provides commercial space designed for both ground-level access and movement between floors. Freight elevator accessibility serves the second floor, supporting operations that require lifting or transporting goods internally. The property also features a side drive-in door for loading convenience and off-street parking for 12+ cars.
The site is located at 109 S Wayne Avenue in the Village of Lockland, OH, within Hamilton County. The property is situated on a lot of approximately 0.463 acres, offering a compact footprint for day-to-day business use. Public remarks indicate general commercial zoning classification, and a use sheet is referenced as uploaded to the MLS for potential uses.
For buyers seeking adaptable commercial space, the combination of two floors and freight elevator access can support a range of light industrial, warehousing, or distribution-oriented layouts, depending on the allowed uses on the provided use sheet. Off-street parking and a side loading door help accommodate employees, visitors, and deliveries. Interested parties should review the MLS use sheet to confirm which tenant and operational types fit within the current zoning framework.
The site is located at 109 S Wayne Avenue in the Village of Lockland, OH, within Hamilton County. The property is situated on a lot of approximately 0.463 acres, offering a compact footprint for day-to-day business use. Public remarks indicate general commercial zoning classification, and a use sheet is referenced as uploaded to the MLS for potential uses.
For buyers seeking adaptable commercial space, the combination of two floors and freight elevator access can support a range of light industrial, warehousing, or distribution-oriented layouts, depending on the allowed uses on the provided use sheet. Off-street parking and a side loading door help accommodate employees, visitors, and deliveries. Interested parties should review the MLS use sheet to confirm which tenant and operational types fit within the current zoning framework.
Key Highlights
- Approximately 12,000 sq ft of space over two floors
- Freight elevator accessibility to the second floor
- General commercial zoning (use sheet uploaded to MLS)
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.0k | $12.00 |
| − Vacancy | −$10.1k | −$0.84 |
| EGI | $133.9k | $11.16 |
| − OpEx | −$46.9k | −$3.91 |
| NOI | $87.0k | $7.25 |
12,000 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $87,048 @ 7.0% cap · market cap 8.75%
Second Best
Warehouse
$1.00M
$877.5K – $1.17M
NOI $70,196 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,707 @ 7.0% cap · market cap 18.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Wyoming Meat Market — 513 Wyoming Ave, Cincinnati, OH 45215
- Moe's Eats & Treats — 623 Mc Laren Ave, Lockland, OH 45215
- A Lil Taste of Soul llc Food Truck and Catering — 607 Shepherd Dr 11 &12, Cincinnati, OH 45215
Frequently Asked Questions
What type of property is this?
Flex space - Two-floor commercial space with a freight elevator, side loading door, and off-street parking for over a dozen vehicles.
Where is this flex space located?
The property is located at 109 S Wayne Avenue Lockland, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approximately 12,000 sq ft of space over two floors; Freight elevator accessibility to the second floor; General commercial zoning (use sheet uploaded to MLS)
